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Tackle climate change by ending EU house bank's multi-billion subsidies for fossil fuels, says Bankwatch
The European Investment Bank (EIB)…must stop fueling climate change by phasing out its investments in fossil fuels by 2012. This is a key demand…brought by CEE Bankwatch Network at the United Nations Climate Change Conference…in Poznań, Poland…[N]ext year [the EIB] will consider…disclosing the greenhouse gas emissions associated with all of its lending…[T]he EIB's…climate-friendly investments are outweighed by the bank's accelerating support for fossil fuel projects.